B&M European Value Retail (LON:BME) Price Target Cut to GBX 175 by Analysts at Jefferies Financial Group

B&M European Value Retail (LON:BME) had its target price trimmed by Jefferies Financial Group from GBX 260 to GBX 175 in a report published on Thursday morning, MarketBeat reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Citigroup decreased their target price on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating for the company in a research report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Peel Hunt reissued an “add” rating and issued a GBX 200 price objective on shares of B&M European Value Retail in a research note on Thursday, November 13th. Shore Capital reissued a “buy” rating on shares of B&M European Value Retail in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, B&M European Value Retail presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 281.11.

B&M European Value Retail Trading Up 2.5%

Shares of BME opened at GBX 169.10 on Thursday. The firm has a market capitalization of £1.70 billion, a price-to-earnings ratio of 5.32 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38. B&M European Value Retail has a 1-year low of GBX 154 and a 1-year high of GBX 378.50. The company has a 50-day moving average of GBX 210.22 and a 200 day moving average of GBX 248.49.

B&M European Value Retail (LON:BME) last issued its earnings results on Thursday, November 13th. The company reported GBX 7.20 EPS for the quarter. B&M European Value Retail had a net margin of 5.81% and a return on equity of 43.85%. On average, research analysts expect that B&M European Value Retail will post 38.4814815 EPS for the current year.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 79,500 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of GBX 250 per share, with a total value of £198,750. In the last quarter, insiders have purchased 381,330 shares of company stock worth $82,226,440. Corporate insiders own 22.78% of the company’s stock.

About B&M European Value Retail

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.